10 Sandy had a beginning balance on her MasterCard statement of $300 Sandy had a beginning balance on her MasterCard statement of $300. This month she had purchases of $400, payments of $300, and a $100 cash advance. To avoid interest charges, Sandy must make a payment of: A. $500 B. $400 C. $100 D. Sandy cannot avoid interest charges
24 Wanda Clark expects interest rates to decline in the next few months Wanda Clark expects interest rates to decline in the next few months. To maximize her earnings, she should put her savings in a A. Savings Account B. Six Month CD C. Money Market account D. Two-year CD
26 Which of the following will not protect you from identity theft while on vacation? A. Do not leave credit slips in restaurants B. Have your mail stopped C. Carry all credit cards, passports, and birth certificates with you. D. Do not leave sensitive info. In your hotel room when you are not there.
27 Carry all credit cards, passports, and birth certificates with you.
28 All of the following may qualify for an auto discount except: A All of the following may qualify for an auto discount except: A. a driver training program B. High grades C. Several cars insured with the same company D. under 25 years old
30 A budget will not do which of the following? Anticipate cash shortagesDetermine the excess you have to investHelp determine if cash outflows will be suficient to cover cash inflowsDetermine the additional payments you can make to reduce personal debt
31 Help determine if cash outflows will be sufficient to cover cash inflows
32 All of the following are correct statements about credit except Creditor provides fundsThe interest is the total amount to be repaidRepayment will include interestCredit needs to be paid back in the future
40 Which of the following is not true about a CD They are long-term investments of two years or moreThey pay higher than T-billsFunds are locked in for specific periods of timeA penalty is imposed for early withdrawal
41 They are long-term investments of two years or more